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ED seizes ₹5,551 crore from Chinese smartphone giant Xiaomi's bank accounts
New Delhi
Last Updated : 30 Apr 2022 03:39:16 PM IST


The Enforcement Directorate on Saturday said it had seized ₹5,551.27 crore belonging to Xiaomi Technology India Pvt Ltd lying under provisions of the Foreign Exchange Management Act of 1999. The probe agency said the money was in bank accounts belonging to the Chinese smartphone giant and had been seized in connection with illegal outward remittances.

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